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| | Boston, MA,
USA
May 30, 2003Contactless Payments:
Replacing Cash with
Convenience
Table of Contents
Return
to report Abstract
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EXECUTIVE SUMMARY
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3
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INTRODUCTION
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4
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CONTACTLESS PAYMENTS
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5
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RFID Technology
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6
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RFID & Payments
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9
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MASS Transit and RFID
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10
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Banks, Payment Providers & RFID
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12
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INDUSTRY INITIATIVES
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13
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American Express:
Expresspay
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13
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Bank Of America: Quickwave
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15
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Commerce Systems: 2SCOOT
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16
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EXXONMOBIL: Speedpass
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18
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FREEDOMPAY: Private Label
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20
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MASTERCARD: PAYPASS
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22
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ADOPTION DRIVERS
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25
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Banks
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25
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Merchants
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27
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Consumers
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29
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FUTURE OUTLOOK
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32
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